Sunday, September 8, 2024
16.7 C
New York

Revolutionising SME financing: How Banca AideXa uses AI and open banking to support SME growth

Banca AideXa’s Italian fintech revolutionizes online financing for small businesses using AI and open banking.

Facts

  • Banca AideXa employs AI and open banking to transform online financing and support small business growth.
  • Their technology provides a comprehensive view of an applicant’s creditworthiness by analyzing external data and generating automated assessment results.
  • Streamlined processes have boosted the automatic approval rate for loan applications by 10%, leading to quicker approval and disbursement for SMEs.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing

Lloyds Bank has partnered with Cleareye.ai, a California-based...

Home equity fintech Unlock bags $30m Series B funding

Unlock Technologies, a US fintech founded in 2019,...

Visa prepares for 2025 launch of Visa A2A in UK

Visa A2A will launch in the UK in...

Alternative investment platform CAIS hires Kan Kotecha as CTO

Kan Kotecha has been appointed as CTO to...

Axway completes €330m acquisition of Sopra Banking Software

Deal Overview: Axway acquired SBS from Sopra Steria...

EU financial services analytics maturity report

Current State of Analytics: Evaluates the existing analytics...

Related Articles

Popular Categories

spot_imgspot_img